Nuveen Municipal Income ETF (NYSEARCA:NUMI) Short Interest Down 55.1% in May

Nuveen Municipal Income ETF (NYSEARCA:NUMI) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 13,760 shares, a drop of 55.1% from the April 30th total of 30,623 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,070 shares, the short-interest ratio is presently 2.7 days.

Nuveen Municipal Income ETF Price Performance

Shares of NYSEARCA:NUMI traded up $0.06 during midday trading on Friday, hitting $25.19. 1,824 shares of the stock were exchanged, compared to its average volume of 4,307. The business’s fifty day simple moving average is $25.03 and its two-hundred day simple moving average is $25.16. Nuveen Municipal Income ETF has a 52-week low of $24.01 and a 52-week high of $25.66.

About Nuveen Municipal Income ETF

The Nuveen Municipal Income ETF (NUMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to provide federal tax-exempt current income through an actively managed portfolio of US municipal bonds of any credit quality. The fund maintains an overall weighted average maturity of greater than 10 years. NUMI was launched on Jan 22, 2025 and is issued by Nuveen.